Nissin Foods HoldingsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Nissin Foods HoldingsLtd has a total shareholder equity of ¥521.1B and total debt of ¥37.0B, which brings its debt-to-equity ratio to 7.1%. Its total assets and total liabilities are ¥790.9B and ¥269.8B respectively. Nissin Foods HoldingsLtd's EBIT is ¥62.4B making its interest coverage ratio -20.8. It has cash and short-term investments of ¥109.9B.
Key information
7.1%
Debt to equity ratio
JP¥36.97b
Debt
Interest coverage ratio | -20.8x |
Cash | JP¥109.93b |
Equity | JP¥521.10b |
Total liabilities | JP¥269.84b |
Total assets | JP¥790.94b |
Financial Position Analysis
Short Term Liabilities: 2897's short term assets (¥313.8B) exceed its short term liabilities (¥204.8B).
Long Term Liabilities: 2897's short term assets (¥313.8B) exceed its long term liabilities (¥65.1B).
Debt to Equity History and Analysis
Debt Level: 2897 has more cash than its total debt.
Reducing Debt: 2897's debt to equity ratio has reduced from 12.6% to 7.1% over the past 5 years.
Debt Coverage: 2897's debt is well covered by operating cash flow (232.4%).
Interest Coverage: 2897 earns more interest than it pays, so coverage of interest payments is not a concern.